Keppel REIT Units Appear Undervalued -- Market Talk

Dow Jones

Oct 23, 2024

0205 GMT - Keppel REIT's units appear undervalued, Morningstar equity analyst Xavier Lee writes in a note. The REIT's 3Q business update was in line with the brokerage's expectations, Lee says. Hiring and office leasing demand are expected to pick up gradually in 2025 as business sentiment improves, Lee adds. Keppel REIT is trading at an attractive 2025 dividend yield of 6.4% and remains Morningstar's top pick among Singapore REITs. The brokerage also likes the REIT for its high-quality office portfolio and reckons it will be a strong beneficiary of interest-rate cuts through 2025-2026. Morningstar maintains Keppel REIT's fair-value estimate of S$1.16. Units are last at S$0.92.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 22, 2024 22:06 ET (02:06 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2477437513"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2477437513\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2477437513?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-23 10:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477437513","market":"sg","top_or_hot":-1,"title":"Keppel REIT Units Appear Undervalued -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0205 GMT - Keppel REIT's units appear undervalued, Morningstar equity analyst Xavier Lee writes in a note. The REIT's 3Q business update was in line with the brokerage's expectations, Lee says. Hiring and office leasing demand are expected to pick up gradually in 2025 as business sentiment improves, Lee adds. Keppel REIT is trading at an attractive 2025 dividend yield of 6.4% and remains Morningstar's top pick among Singapore REITs. The brokerage also likes the REIT for its high-quality office portfolio and reckons it will be a strong beneficiary of interest-rate cuts through 2025-2026. Morningstar maintains Keppel REIT's fair-value estimate of S$1.16. Units are last at S$0.92.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 22:06 ET (02:06 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel REIT Units Appear Undervalued -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel REIT Units Appear Undervalued -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-23 10:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0205 GMT - Keppel REIT's units appear undervalued, Morningstar equity analyst Xavier Lee writes in a note. The REIT's 3Q business update was in line with the brokerage's expectations, Lee says. Hiring and office leasing demand are expected to pick up gradually in 2025 as business sentiment improves, Lee adds. Keppel REIT is trading at an attractive 2025 dividend yield of 6.4% and remains Morningstar's top pick among Singapore REITs. The brokerage also likes the REIT for its high-quality office portfolio and reckons it will be a strong beneficiary of interest-rate cuts through 2025-2026. Morningstar maintains Keppel REIT's fair-value estimate of S$1.16. Units are last at S$0.92.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 22:06 ET (02:06 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6132","symbol_name":"办公室房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477437513","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477437513","pubTimestamp":1729649160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0205 GMT - Keppel REIT's units appear undervalued, Morningstar equity analyst Xavier Lee writes in a note. The REIT's 3Q business update was in line with the brokerage's expectations, Lee says. Hiring and office leasing demand are expected to pick up gradually in 2025 as business sentiment improves, Lee adds. Keppel REIT is trading at an attractive 2025 dividend yield of 6.4% and remains Morningstar's top pick among Singapore REITs. The brokerage also likes the REIT for its high-quality office portfolio and reckons it will be a strong beneficiary of interest-rate cuts through 2025-2026. Morningstar maintains Keppel REIT's fair-value estimate of S$1.16. Units are last at S$0.92.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6132":"办公室房地产信托","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD","BK6099":"办公房地产投资信托","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999001127.SGD":"United Singapore Growth Fund SGD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK6512":"房地产股","BK4223":"办公室房地产信托","REIT":"ALPS Active REIT ETF","KREVF":"Keppel REIT","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","CFA.SI":"NikkoAM-STC Asia REIT","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","BK4194":"办公房地产投资信托","K71U.SI":"吉宝房地产信托","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999013478.USD":"利安新加坡股息基金","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK6111":"工业集团企业","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","BK6523":"ESG概念","BN4.SI":"吉宝有限公司","BK6505":"周期性消费品与消费者服务"},"translate_title":"吉宝房地产投资信托基金单位似乎被低估——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KREVF":1,"BN4.SI":1,"CFA.SI":1,"REIT":1,"K71U.SI":0.9},"content_text":"0205 GMT - Keppel REIT's units appear undervalued, Morningstar equity analyst Xavier Lee writes in a note. The REIT's 3Q business update was in line with the brokerage's expectations, Lee says. Hiring and office leasing demand are expected to pick up gradually in 2025 as business sentiment improves, Lee adds. Keppel REIT is trading at an attractive 2025 dividend yield of 6.4% and remains Morningstar's top pick among Singapore REITs. The brokerage also likes the REIT for its high-quality office portfolio and reckons it will be a strong beneficiary of interest-rate cuts through 2025-2026. Morningstar maintains Keppel REIT's fair-value estimate of S$1.16. Units are last at S$0.92.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2024 22:06 ET (02:06 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}